Preliminary Tax Considerations in Asset Acquisitions Checklist

Summary

This checklist provides an overview of the key U.S. federal income tax issues when advising a taxpayer in an asset acquisition. After the buyer and seller agree to structure the acquisition as an asset purchase, there are various planning considerations to be undertaken: 1) the due diligence process; 2) negotiations of the asset purchase agreement terms; and 3) solidifying the terms and arrangements for the transaction’s closing. The asset purchase agreement is a key document in an asset transaction, and this checklist offers a chart of significant terms to assist you in its drafting.